LTV, APR, DTI... it's enough to make your head spin. Let us break it down for you. Dig into our content to learn more about house hunting, first-time buyer mortgages, interest rates and so much more.
A joint borrower sole proprietor arrangement is the new style of guarantor mortgage that can make it easier for single people to get on the property ladder. Here we explain how it works.
Read onShared ownership is a government scheme designed to help first-time buyers or people who have previously owned a home but can no longer afford to buy.
Read onTeaming up with friends, family, a partner or spouse to get a joint mortgage can increase your spending power and improve your chances of getting your dream home.
Read onThere are many benefits of a joint borrower sole proprietor mortgage, especially if you are looking to buy as a single person, or if you are being priced out of the property market in your local area
Read onPeople are working for longer and looking to the equity in their homes to plug the pension gap, pay off debts, help family, improve their homes and enhance their lifestyles.
Read onUnless you’re the sole owner of your home, you might find yourself facing the prospect of buying someone out of your property. When a marriage or relationship breaks down one person usually keeps the house. To give them their share of the equity in the property and remove them from the mortgage you’ll need to buy them out.
Read onShared Ownership is a government scheme that aims to make it easier for buyers to get on the property ladder through part owning/part renting. Here's what you can get in different area of the UK with the scheme.
Read onThe Bank of England increased interest rates for the third time in four months to 0.75% - the highest interest rates have been since pre-pandemic. But what does this actually mean for prospective buyers, and is it as scary as it sounds? Let's dig into it.
Read onChoosing between a mortgage broker or lender is one of the first decisions you make when looking for a mortgage. We've broken down the differences, so you can make the best decision for you.
Read onWe've broken down some of our key stats and facts to show how the state of play for the first time buyers has changed over the years, and how all hope is not lost for those wishing to get on the ladder.
Read onOn average it takes between 10-12 weeks for homebuyers to find their dream home, with time largely taken up by trying to narrow their search and make big decisions about what’s most important to them. SearchSmartly’s intelligent property search platform makes it ten times easier for movers and buyers to find the perfect place to call home.
Read onA recent report from Tembo has shown that at least half of first-time buyers used help from their parents to buy their first home - but why is there such a taboo around parental support? Can (and should) the Bank of Mum and Dad shake off its bad reputation?
Read onNo-one wants to think about bad things happening, but sometimes they do. Because buying a home is such a big financial commitment, it’s important to have a plan in place to pay the mortgage if you lose your job, you’re too ill to work or you die.
Read onMore families than ever are gifting money to their children or grandchildren earlier than planned. There can be significant benefits, but without careful planning and an understanding of IHT rules, your generous gift could come with a sting in its tail.
Read onIt’s tough raising a deposit big enough to buy your first home. In 2020, the average first-time buyer deposit leapt £10,000 to £57,278 according to Halifax. Thankfully, innovative schemes to help you buy a house have emerged in recent years. We’ll walk you through the apps, saving accounts and schemes that can help you get on the housing ladder.
Read onBank of England interest rates have risen today for the second time in just three months, from 0.25% to 0.5%. While that might not seem very dramatic, it's the first back-to-back rate rise we've seen since 2004. So, in the world of finance, this is spicy.
Read on2021 was a bumper year for the property market. Read on for our recap of the year just been, and what lies in store for first-time buyers and those looking for mortgages in 2022.
Read onLet's take it back to basics with the steps you need to know about how to get a mortgage.
Read onDon't want to spend your university years in a neglected bedsit? Check out our guide to student mortgages.
Read onBefore your bank hands over thousands of pounds for you to buy a home, you must prove you can afford to pay it back. Affordability is being able to comfortably repay your mortgage each month.
Read onFrom the relationship between interest rates and deposit sizes to the difference between your mortgage and exchange deposit, we’ve compiled a handy list of eight things you might not know about deposits.
Read onA family springboard mortgage allows first-time buyers to purchase a home without any deposit. Your family member or friend either has to offer their savings or a chunk of their property equity as security for your mortgage.
Read onConfused about remortgages? We're here to tell you all about why you'd want one, when is the best time to take one out, how you do it and when you should avoid it.
Read onShared Ownership has become an increasingly popular choice for those looking to get on the ladder, faster. Confused about what Shared Ownership is, and how it could potentially help you? We’ve got you covered.
Read onWith house prices rising as much as 10% a year many younger homebuyers are being priced out. The Bank of Mum and Dad is becoming an increasingly popular option to help the next generation onto the ladder. Here's everything you need to know.
Read onThere are lots to consider in the rent vs buy argument so we’ve covered the main points to help you decide if you should buy a home or rent instead.
Read onSelf-employed and looking for a mortgage? Here's everything you need to know about getting on the property ladder when you work for yourself.
Read onIf you’re buying a house with a partner or spouse or teaming up with your friend to get on the housing ladder read our top 10 tips on buying your first home with someone else.
Read onRecord numbers of people are buying homes through the government's Help to Buy scheme, but does anyone really understand what it is?
Read onWith property prices soaring, a joint borrower sole proprietor mortgage is a way for families to help those looking to buy their first home onto the property ladder.
Read onWe’ve rounded up our top 5 budgeting accounts to help you on your journey to financial freedom and home ownership.
Read onToday at Tembo, we're launching the results of our impact and customer insights report for the first half of 2021. Through analysing the data of 2,432 Tembo users from 1st January to 30th June, a few shocking figures (and some less surprising) emerged.
Read onIf there were ever two subjects guaranteed to kill the conversation at a family gathering, it's money and death. We've compiled ten tips, so you'll know how to talk about money with your parents
Read onThe housing market has been on fire since the start of the year. But what do the summer months hold for first-time buyers?
Read onThe Bank of Mum and Dad is big business in the world of homeownership. Typically it lends around £6bn each year, making it a top ten UK mortgage lender.
Read onIf you’re fed up of living in a cramped rented flat or sticking to your mum and dad’s house rules then there’s probably only one question on your mind. How long does it take to buy a house?
Read onWhen it comes to buying your first home, your credit score matters. You might think, so what if my online shopping bill is a month overdue or I’ve received a notice from a debt collector.
Read onIf you don’t know your SVRs from your APRs, your BTLs from your RIOs and you think a mortgage DIP sounds like it would be nice with some pitta bread, you're in the right place.
Read onWhen you’re buying a home, it can seem like you’re being asked to raid your savings for fee after fee and bill after bill. Let's cover off exactly what stamp duty is, and how it affects first-time buyers.
Read onTembo's customers can combine a retirement interest only (RIO) mortgage with a regular first-time buyer mortgage.
Read onMortgage prisoners have been hitting the headlines recently, and for good reason.
Read onYou will have heard of a first-time buyer mortgage, perhaps also a remortgage, but what about a guarantor mortgage?
Read onWith property prices soaring, wages stagnating, and millennials the first generation in history that will be financially worse off than their parents, it is no surprise that it’s harder than ever to get your foot on the property ladder.
Read onYesterday the Chancellor turned the key in his big red briefcase and announced his latest budget.
Read on